Merger among Sava Re’s four European subsidiaries
On November 2, 2016, Sava Re finalized the merger of four of its European subsidiaries into a single entity named Zavarovalnica Sava.
Present on the national and international markets for about forty years, the Slovenian reinsurer has reported 27.8 million EUR (31.2 million USD) in net result for the first nine months of the current year, that is a 2.9% increase in comparison with the same period of the previous year. As for the turnover, it amounts to 390.5 million EUR (438.5 million USD), a 1.5% increase compared to the same period considered.
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